Roubini: Rate Cuts Reduce Crash Risk, But Dow 7,000 Likely ‘Sometime Next Year’

Today’s global rate cuts have reduced the risk of a market crash, but won’t resolve the underlying crisis, says NYU economist Nouriel Roubini of RGE Monitor.But the financial market crisis has unfolded even quicker than Roubini expected (which is saying s

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Economist Roubini: More Action Needed to Restore Confidence

The coordinated global rate cut was helpful but not enough, NYU professor and economist Nouriel Roubini told us this morning. The central banks should have cut at least 100 basis points, Roubini says. …

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